CVS Health Jensen Alpha 
CVS  USA Stock  Quarterly Earning Report: November 6, 2019 
Symbol 
 =  0.2225 
ER[a]  =  Expected return on investing in CVS Health 
ER[b]  =  Expected return on market index or selected benchmark 
BETA  =  Beta coefficient between CVS Health and the market 
RFR  =  Risk Free Rate of return. Typically TBill Rate 
Jensen Alpha Comparison
CVS Health Corporation is rated fourth in jensen alpha category among related companies. It is rated fifth in maximum drawdown category among related companies reporting about 46.60 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for CVS Health Corporation is roughly 46.60
Jensen alpha is the difference between the return of the portfolio, and what the portfolio should theoretically have earned. Any portfolio can be expected to earn the risk free rate (RF), plus the market risk premium (which is given by [Beta x (Market Portfolio Return  Risk Free Rate)]. Anything remaining over and above is alpha.Jensen Alpha  ...

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CVS Health Technical Signals
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Risk Adjusted Performance  0.1317  
Market Risk Adjusted Performance  0.2165  
Mean Deviation  1.15  
Semi Deviation  1.19  
Downside Deviation  1.39  
Coefficient Of Variation  760.46  
Standard Deviation  1.59  
Variance  2.53  
Information Ratio  0.1403  
Jensen Alpha  0.2225  
Total Risk Alpha  0.2386  
Sortino Ratio  0.1601  
Treynor Ratio  0.2065  
Maximum Drawdown  10.37  
Value At Risk  (2.16)  
Potential Upside  2.33  
Downside Variance  1.94  
Semi Variance  1.43  
Expected Short fall  (1.23)  
Skewness  1.24  
Kurtosis  5.42 
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